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Since the crisis was widespread, countries can be compared. This is evidence based policy at its most revealing…

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No, it’s not about any politics (which has basically come to a grinding halt). But elsewhere, in what seems an entirely different country, miles away…

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The situation is so simple that only politics can make it complicated. Read about the full illogical horror of US politics..

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For markets to function, both buyers and sellers need access to the same information. When this is not the case (a situation known as ‘asymmetrical information’ in economics), things can go badly wrong….

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Deficit hawks should think twice, and do something about health care cost, which is by far the most serious threat to the sustainability of the financial position of the US public sector…

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They would lose more than 1/3 of their profits, or $2.2 trillion…

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Since Volcker and Thatcher slaid inflation in the early 1980s, inflation has been tame, mainly due to these successful policies. But some of the smartest economists actually argue that was a bit of a mistake….

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Investment is raising the future living standards…

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Financial markets give people incentives (and means) for things to get worse. This is just plain wrong…

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A year old, but still a compelling read..

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